A civil attorney, Richard Roman, said he warned El Paso County officials about a scheme that resulted in people being unfairly kicked out of their homes, but the county did nothing to stop it.

KFOX14 News has reported that the County Attorney’s office has filed a lawsuit against several national banks. Roman said they waited too long and now several of his clients have had their lives ruined.

Mortgage Electronic Registration Systems (MERS) is what some are calling a scheme by national banks to sell mortgages to each other without paying filing fees, or notifying homeowners.

People have ended up paying the wrong bank and then faced eviction before they knew what was happening.

El Paso County has joined nine other Texas counties in a class action suit against the banks.

One Response to “MERS | Attorney claims county officials did nothing while people faced unfair foreclosure”

There is no a single VA or FHA loan in the State of Texas that was in a Ginnie Mae Mortgage Backed Securities pool that was foreclosed by an administrative foreclosure that was legal. Every single one is illegal and Ginnie Mae and MERS know why! That is because they don’t own the debt.